Lloyds TSB (LSE: LLOY). The bank share that you couldn’t exclude from any HYP (High Yield Portfolio) constructed for quite some years now. An HYP without Lloyds would be like Hamlet without Yorrick. At least until another bank becomes a higher yielder. Which will happen for certain sooner or later.
Not only is Lloyds the highest yielding bank by quite some way, it also enjoys the somewhat dubious distinction of being the highest yielding share in the FTSE100 index of those with an established record of dividends. It’s been around that position for what seems like centuries, explaining why it has appeared in all my HYPs since I launched the concept on The Fool almost six years ago….